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20120926
20121004
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in energy, food. >> absolutely right. and what's critical is that everybody now believes there will be some extra inflationary pressure in the system and that's extremely good news. luckily i think the risks are off the table and one can be supportive of equities in terms of higher valuations until inflation gets in excess of 4 percentage points, at which point people begin to worry about what will happen to the quality of earnings. >> the key thing here is the corporate take of gdp has never been at such a high level versus -- and wage earners take gdp as a pretty low level on a historical basis. i suppose the question is that going to remain or is there anything that will tip the employee share back? at which point things will change. >> you're right, it's pivotal to the levels and whether they can be maintained. there are two factors that allow me to feel more confident. first is the government policies are pro recovery coming from corporate as opposed to try and get workers to have higher incomes workers themselves don't have price impact power in the marketplace. global trend is still
be coming to the fore. . there's an underlying macro cramer, but a lot of changes going on. energies and energy efficiency. many aspects to it. >> other stories today, a bid to prevent another financial crisis, the review led by bank of fin len governor is expected to call for a separation of retail and investment operations. the report will also call for bonuses to be paid in debt. we'll hear from the central bank later today. meanwhile steve hester has called for banks to readjust back to a more customer focused approach. speaking at the london school of economic, he said lenders need to restore good customer service to regain trust of the public and rbs is the poster child for what went wrong in banking. and eric snyderman is suing jpmorgan. the suit partly the result of a federal mortgage task force formed in january. investors lost around $22 billion and more than 100 securities. jpmorgan says the suit involves actions taken at the behest of the u.s. government. jpmorgan stock closing up 1.2%. and "new york times" says u.s. senate will try to use the lame duck session to reach a
of nuclear power. joining us now is scott parker, director of uk nuclear energy sector. this franco chinese con sorpgs, talking about buying the verizon nuclear venture. where do you think this leaves the transaction? >> there are only two nuclear vendors that are approved for use in the uk and that's westing house and ariva. obviously one of those is no longer available. >> they are trying to maximize the proceeds, but if you knock out one of the key buyers, is it fair to say we're not going to get the top dollar for this asset if it is eventually sold? >> i'm not sure that's true. there are two other companies that are interested. the disadvantage is they haven't got their reaction or the technologies approved, so if they do buy the nuclear company, there will be a delay of another two or three years before they could start construction on site. >> let's just delve into some of the regulatory hurdles because the chinese obviously have the cash to buy these types of assets. what hurdles do they face investing in the key strategic assets in the uk? >> if the westinghouse china state nuclear
well in the green with chinese energy majors and banks leading the gains. elsewhere the nikkei also finished higher helped by utilities and financials. but sharp shares slipped nearly 4% despite reports on a financial life line from its major lender. some units tanked following the parent company bankruptcy filing. bank and miners helped the australian markets end a three day losing streak closing higher by half a%. and the sensex trading along the flat line at the moment. back to you. >> thanks very much. pippa, it's almost a battle of markets this morning between spain and china, between kind of the macro europe uncertainties we were just talking about in the sense that policymakers whether do more. but there's the sense that it's just not enough. >> we are seeing in emerging markets, workers are saying i need to get paid a lot more. and if you don't pay me more, i'm going to protest one way or another. so foxconn had to basically shut down operations because they're all protesting, rioting. now, they're getting 25% wage hikes. but it's not enough given the pace at which food and
Search Results 0 to 3 of about 4